Tips to control labor costs

Tom Brink with JBS Five Rivers Cattle Feeding says labor cost for their operations has increased 30% in 10 years, even after operating with fewer employees. The main reason for the increase is due to competition for skilled employees.

So what are some ways to help control cost? Brink recommends:

Evaluate all staff positions and eliminate/consolidate where possible.

Make sure all full-time positions are truly full-time.

Use technology to reduce labor needs.

Eliminate unnecessary travel, meals, etc.

Pay performance incentives.

Keep best performers moving ahead with additional training, increased responsibilities as well as increased compensation.